Welcome to a new episode of the Get Creative Podcast. Ever wondered how someone can own $300 million in real estate without spending their own money?
In today’s episode, I talk with Graham Stephan and Jack Selby on their podcast The Iced Coffee Podcast about financing to build an empire from the ground up. In this eye-opening episode, we dive deep into his strategies, share the highs and lows of my real estate career, and reveal how you can start your own journey in real estate investment. Whether you're a seasoned investor or just curious about real estate.
Highlights:
"You probably already know this... There's currently 600,000 homes that are non-performing in the United States. We're starting a business right now to take these houses off of our plate."
"The craziest thing about real estate. I don't even have to apply for that loan. I don't have to assume it, I don't have to apply for it. Nobody checks my bank balance, nobody asks for my tax returns, nobody asks for anything."
"Equity comes, equity goes, but the cash always flows."
Timestamps:
00:00 -Pace Morby's $300 Million Real Estate Empire
01:00 -The King of YouTube: Graham Stephan Praise
02:00 -600,000 Non-Performing Homes in the US
04:00 -Strategies for Taking Over Mortgages
06:00 -Buying Houses with 3.65% Interest Rates
08:00 -The Appeal of Sober Living Investments
10:00 -Dealing with Due on Sale Clauses"*
14:00 -Executing Contracts and Lease Options
24:00 -From Contractor to Real Estate Mogul
33:00 -The Bunny Story: First Creative Finance Deal
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